C07443-2023

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Petron CorporationPCOR

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Report on the Use of Proceeds

Background/Description of the Disclosure

Please see attached first and final Quarterly Progress Report for the period ended September 30, 2023 dated October 4, 2023 on the full utilization of the proceeds from the offer and issuance of the Series 4 Preferred Shares of the Company, together with the external auditor's report dated October 4, 2023.

Other Relevant Information

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Filed on behalf by:
Name Jhoanna Jasmine Javier-Elacio
Designation Assistant Vice President - General Counsel and Corporate Secretary/Compliance Officer